Dubai – Mubasher: The Dubai Financial Market’s (DFM) benchmark index kicked off Sunday’s trading with a negative performance, as it fell to 3,203.63 points after declining by 0.01% or 0.5 point.
Analysts suggested, in statements to Mubasher, that United Arab Emirates stock markets are suffering from lack of catalysts in the current period, which gave speculators the chance to take control of the bourses, something that reflected negatively on liquidity.
The real estate sector declined by 0.21%, affected by the losses of Arabtec which reached 1.77%, while Emaar share came in green with a rise of 0.17%.
The banking sector fell by 0.26%, driven by Dubai Islamic Bank and Amlak which dropped 0.48% and 0.71%, respectively.
On the other hand, the telecom sector topped the gainers after increasing by 1.2%, followed by investment with 0.91% up.
Early trading volume hit 30.2 million shares worth AED 20.32 million through 418 trades.
DFM closed the last week’s end in red, with a direct pressure by real estate shares, making the lowest liquidity in 2015.
